This article is brought to you by STASIS, a company that aims to promote transparency by providing daily statements from account providers along with weekly verifications and quarterly audits by a top 5 global accounting firm.
Regulation and monetary policy
World Bank Digs Deeper Into DLT and FinTech for Financial Inclusion
The world’s largest development bank, the World Bank Group, has issued a new report on payment aspects of financial inclusion in the fintech era.
The European Union Calls For New Regulations For Crypto Assets
A new published study by the European Parliament has identified a number of legislative blind spots pertaining to crypto asset oversight in the European Union.
State-owned Chinese Bank Launches App to Test Digital Yuan
The state-owned bank Agricultural Bank of China has just rolled out a mobile app to test the People's Bank of China's (PBOC) central bank digital currency (CBDC).
South Africa Proposes Strict Crypto Regulatory Framework
South Africa’s financial regulators recommended cryptocurrency “remain without legal tender status” in a Tuesday roadmap outlining what could become the nation's first comprehensive crypto laws.
Philippine SEC Exposes Fraudulent ‘Abundance-Based’ Crypto Investment Scheme
The Philippines Securities and Exchange Commission has flagged its third cryptocurrency scam this month, warning investors against a scheme dubbed “The Billion Coin.”
G20 Considers 10 Rules for Regulation of Stablecoins Like Facebook Libra
The G20 is setting rules to regulate stablecoins such as Facebook’s Libra cryptocurrency. Responding to a call by the G20, the Financial Stability Board (FSB) has provided 10 “high-level” recommendations that establish a regulatory framework for stablecoins.
Blockchain Acceptance Could Revolutionize Finance in Abu Dhabi
As Abu Dhabi rolls out regulatory framework for crypto assets, businesses are increasingly embracing distributed ledger technologies.
Dutch AMLD5 Implementation Leaves Crypto-Companies Footing the Bill
The Dutch implementation of the EU’s anti-money laundering directive will cost crypto-businesses a fortune.
In US Congress, New Bill Demands ‘Digital Dollars’ by January for Monthly COVID-19 Aid
U.S. Congress sees a new bill looking to give Americans $2,000 a month for at least a year and mandating the implementation of digital dollar wallets by January 1, 2021.
COVID-19 Pandemic Spurs Crypto Law Updates in J5 Countries
The members of the Joint Chiefs of Global Tax Enforcement are updating their crypto laws to prevent financial crimes and money laundering.
Competitors
Facebook Abandons Plan to Launch Global Digital Currency
A nonprofit association called the Libra Association has announced the update of the initial Libra currency whitepaper.
Analytics and opinions
Looking Into the History of Stablecoins to Understand the Future of Money
Different vectors of development within the crypto industry have led to the emergence of stablecoins, which could be the most usable type of money in the future. Cryptocurrency was invented and designed to provide numerous benefits for global private and institutional clients, to free people from the burden of banking systems and to create a new financial ecosystem.
Are Banks and the Capital Markets Ready to Embrace Blockchain?
How could DLT improve the traditional finance industry, and what adoption challenges lie ahead?
World Governments at G20 Are Concerned About All Stablecoins, Not Just Libra
The G20’s Financial Stability Board issued a study on stablecoins, analyzing their merits and threats as the Libra project continues to spook regulators.
How Zero Interest Rates in the US Will Impact Stablecoin Adoption
The financial industry will see the further adoption of stablecoins around the world, partly due to the responses to COVID-19.
Libra Stablecoin Is Still a Major Threat to Bitcoin: Economist
Economist and academic John Vaz believes that Facebook’s Libra stablecoin is still shaping up to be Bitcoin’s strongest competition.
COVID-19 Takes an Enormous Toll on Swiss 'Crypto Valley'
Swiss Crypto Valley Assoc President said that the Coronavirus pandemic had a major impact on the local crypto ecosystem.
G-20's Harsh Stance on Stablecoin Is a Step Forward, but Regulators Have More to Learn
Most crypto analysts believe that proper regulation is needed when it comes to promoting the legitimacy of stablecoins.
Circle CEO declares interest on stablecoins is explosive
Circle CEO declares there is an exploding interest in stable coins. These are coins that are pegged to the dollar. Many crypto goers are turning to digital dollars as a payment method of choice.
Why This Global Crisis Is a Defining Moment for Stablecoins
The global crisis brought on by COVID-19 is an opportunity for stablecoins to deliver on cases, especially as governments try to deliver stimulus money quickly to large populations that desperately need it. The global economic and health crisis has reinvigorated the use of stablecoins, as well as the discussion of digital dollars and central bank digital currencies.
New projects, partnerships, and investments
Algorand Announces $43 Mln Grants Program to Foster ‘Borderless Economy’
The Algorand Foundation announced a 250 million ALGO (roughly $43 million) grants program to foster development on the Algorand blockchain on April 14.
Multicoin Says 'Super Apps' Plan Behind $1.5M DeFi investment
Multicoin Capital has led a $1.5 million fundraising round in top Chinese DeFi "super-app" platform dForce.
BitGo Acquires Institutional-grade Financial Platform for Managing Digital Assets
A digital asset trust company BitGo has announced it acquired an institutional-grade financial platform for managing digital assets called Lumina.